He takes a nonexecutive role over David Barrett, who remains president and CEO.
Bennack, who has been on the broadcaster’s board since 1997, is also vice chairman and CEO of closely-held media giant Hearst, Hearst-Argyle's 82% owner.
Bennack’s role as presiding director was taken by David Pulver, one of the company's independent directors. He is president of Cornerstone Capital and has served on the board since 1994.
Fox Business Network begins broadcasting from its new high-tech Studio G, overlooking Manhattan from the 3rd floor of News Corp. headquarters, on April 20. B&C got an early peek at the new space.
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